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SOLD
MLS: 624532
 
Asking Price: $199,000 Leasehold
Sold Price: $199,000
Sold Date: 05/23/2019
Type: Residential
District: South Kona
Street: 84-5030 Ke Ala O Keawe Rd
Neighborhood: Honaunau
Beds: 3   Baths: 2
Living Area: 1,056 SF
Land Area: 0.61 Acres
Amenities: Ceilings-9\'+,Ceiling-Vaulted,Exterior Lighting,Landscaped,Storage Area,Smoke/Heat Detector
Days on Market: 1907
Year Built: 1977
Zoning: A-5A
Roads: County,Paved
Land Recorded: Regular
Property Taxes: $369
Assessed Value: $175,100
Assessed Ratio: 113.65%
Listing Courtesy:
Terms Acceptable: 1031 Exchange,Cash
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3/2 Home on 26,528 Sq Ft Agricultural Productive Leasehold Property.

Ideally located at an elevation of approximately 750\' is this .617 acre property with an Agricultural Productive Lease. The property is located one mile below the Honaunau Post Office on Ke Ala O Keawe Road (AKA Place of Refuge Road) and is graced by a cute three bedroom two bath cedar home surrounded by a well maintained landscape that provides privacy without completely obscuring a view of the ocean, some coastline and uplands.
While the lease has a short remaining term, the Sellers are in good standing with the Lessor who has offered a new 10 year Agricultural Productive Lease with very favorable terms. The current lease payment until the lease expires on 9/28/2019 is as follows:-
Farm area .109 acre @ $191/acre——$20.81
Residential area—.5 acre——————-$666.00
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Current annual lease payment———-$686.81 GET
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Within a three minute drive is historic Puuhonua O Honaunau National Park, boat ramp and 2 Step Beach. An additional 5 minute drive gets you to historic and picturesque Kealakekua Bay.


 
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